Oil commodity trading and addressing the risk of illicit financial flows

This paper starts from the recognition that despite the importance of the commodity trading sector for domestic resource mobilisation in many developing countries, engagement by OECD Development Assistance Committee (DAC) members with the commodity trading industry has been limited. The paper provid...

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Bibliographic Details
Corporate Author: Organisation for Economic Co-operation and Development
Format: eBook
Language:English
Published: Paris OECD Publishing 2023
Series:OECD Development Perspectives
Subjects:
Online Access:
Collection: OECD Books and Papers - Collection details see MPG.ReNa
Description
Summary:This paper starts from the recognition that despite the importance of the commodity trading sector for domestic resource mobilisation in many developing countries, engagement by OECD Development Assistance Committee (DAC) members with the commodity trading industry has been limited. The paper provides insights on the world of oil-commodity trading, shedding light on the actors, jurisdictions, and most common instruments through which trades are realised. It considers how these come together, the related risks in terms of illicit financial flows, and how these have been addressed to date
Physical Description:56 p